India Nippon Electricals is a manufacturer of Ignition Systems for two-wheelers, three-wheelers, and portable engines
It was incorporated in 1984 and was converted into a joint venture in 1986 between Lucas Indian Service Ltd, a wholly-owned subsidiary of Lucas-TVS Ltd and MAHLE Electric Drives Japan Corporation(Japan) – a company of MAHLE Group
Financial Results:
- India Nippon Electricals Ltd reported Revenues for Q1FY24 of ₹159.84 Crores up from ₹155.70 Crore year on year, a rise of 2.66%.
- Total Expenses for Q1FY24 of ₹153.78 Crores up from ₹149.81 Crores year on year, a rise of 2.65%.
- Consolidated Net Profit of ₹9.26 Crores up 149.6% from ₹3.71 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹4.09, up 149.39% from ₹1.64 in the same quarter of the previous year.